Interesting Promise To Pay Facts

The following points describe a variety of interesting facts about promise to pay (PTP):

• An account may have many active promise to pay. However, only 1 promise to pay may be active for a given account / debt class / payor at any point in time.
• The existence of a promise to pay has no impact on payment distribution.
• When a contract is stopped, if the contract's debt class has an active PP AND there are no other active contract's in the same debt class, the PP will be cancelled.
  • The cancel reason will be "cancelled by system" (as opposed to "cancelled by user")
• If necessary, different collection processes can be triggered if a broken PP is detected (via the override algorithms on CCC and write-off control - we do NOT provide such algorithms).